ETH price goes down means more coiins for given hashrate?

[ethminr]

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?


Thanks,

[Jinx99]

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?


Thanks,

https://ethstats.net/

300+ TH and rising.

Another altcoins are dropping faster than ETH so miners switch back your rigs to ETH.

[deskless]

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?


Thanks,

https://ethstats.net/

300+ TH and rising.

Another altcoins are dropping faster than ETH so miners switch back your rigs to ETH.

You need to give a few weeks before the hashrate starts sliding.

[ethminr]

If you look here, it is going down a bit for the last two days : https://etherscan.io/chart/hashrate

[adaseb]

If you look here, it is going down a bit for the last two days : https://etherscan.io/chart/hashrate

Its just variance. Just zoom out and it has happened before in the past many many times and yet the price was higher and a few days later the hashrate hit another all time high.

People are not shutting down their rigs just yet.